Page-3 of CAG

KV Thomas renominated as Chairman of Public Accounts Committee

May 11, 2015

Lok Sabha Speaker Sumitra Mahajan has renominated Prof. Kuruppassery Varkey Thomas as Chairman of Public Accounts Committee (PAC) for a second term of one year. For the first term, Thomas was nominated in August 2014. He is the senior Congress Parliamentarian ..

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Vinod Rai’s book “Not just an Accountant” puts UPA under scanner again

August 24, 2014

Former Comptroller and Auditor General of India Vinod Rai has given UPA enough food for thought and reflection as it stands to challenge the ethical standards of UPA government. Rai, talking to media on sidelines of the launch event of ..

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Supreme Court: CAG can audit accounts of private telecom companies

April 17, 2014

The Supreme Court bench of Justice K S Radhakrishnan and Justice Vikramjit Sen ruled that the Comptroller and Auditor General (CAG) in his capacity can inspect the accounts of private telecom companies. The court held that such an inspection was ..

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CAG can audit Telecom firms’ accounts: Delhi HC

January 8, 2014

As per the ruling of the Delhi High Court, the Comptroller and Auditor-General (CAG) can audit the accounts of mobile companies on a condition that the audit has to be only an audit relating to the receipts (revenues) and nothing ..

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Supreme Court: No sanction required for prosecution in court-monitored cases

December 19, 2013

The Supreme Court held that no approval from the Central Government is required by the Central Bureau of Investigation (CBI) to prosecute senior bureaucrats in court-monitored corruption cases. The court cleared that the sanction is not necessary under section 6A ..

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Finance Ministry appoints auditors without consulting RBI

May 22, 2013

Deviating from the earlier practice of consulting the RBI while appointing auditors for the same, the government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG). As per government, this has been done to avoid ..

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Petroleum Ministry: ‘CAG has the right to undertake audit KG-D6’

March 28, 2013

The Petroleum Ministry has stated that the Comptroller and Auditor General (CAG) has the right to undertake the audit of Reliance Industries Ltd (RIL)’s KG D6 block on behalf of the government. As per the Ministry, CAG can undertake the ..

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CAG Vinod Rai re-elected as chairman of UN external auditors panel

December 18, 2012

Vinod Rai who is current Comptroller and Auditor General (CAG) has been re-elected as the chairman of the panel of external auditors of the United Nations (UN). What the panel is all about? The panel which was formed in 1959 ..

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CAG waits for pending RIL's KG-D6 records

December 16, 2012

The Comptroller and Auditor General (CAG) has said that it has not been provided with full access to all the documents required for the expenditure audit related to Panna-Mukta-Tapti (PMT) and KG-D6 blocks relating to expenditure for previous years up ..

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2G spectrum auction flops; less than Rs. 10K crore of bids received by Govt

November 16, 2012

The 2G mobile phone spectrum auction ended in a flop show with merely Rs. 9,407 crore being collected in the process contrary to the high valuation estimated by the CAG in its criticizing report of the government two years ago. ..

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